Travel Food Services IPO Description – Travel Food Services (TFS) is a leading provider of travel-focused hospitality solutions in India, specializing in quick-service restaurants (QSR) and premium airport lounges. Established to redefine travel dining, TFS has built a strong presence across 14 major Indian airports, select international locations, and key highway routes. As of 30 June 2024, the company operated 397 QSR outlets—340 directly managed and 57 through partnerships—including 30 outlets in Malaysia and 32 highway locations across India.
TFS has also emerged as a dominant player in the airport lounge segment, managing 31 lounges in India and Malaysia, and recently expanding to Hong Kong. Its offerings blend convenience and quality, catering to the evolving needs of modern travelers seeking both speed and comfort.
In FY24, TFS reported revenue of INR 1,396.32 crore and a net profit of INR 298.02 crore, reflecting strong growth. It commands a 24% market share in India’s airport QSR segment and 45% in airport lounges, underscoring its leadership. Backed by major financial institutions, TFS is well-positioned to capitalize on increasing air and road traffic.
Promoters of Travel Food Services – SSP Group PLC, SSP Group Holdings Limited, SSP Financing Limited, SSP Asia Pacific Holdings Limited, Kapur Family Trust, Varun Kapur, and Karan Kapur
Travel Food Services IPO Details
| Travel Food Services IPO Dates | 3 – 7 July 2025 |
| Travel Food Services IPO Price | Coming soon |
| Fresh issue | NIL |
| Offer For Sale | INR 2,000 crore |
| Total IPO size | INR 2,000 crore |
| Minimum bid (lot size) | Coming soon |
| Face Value | INR 1 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Travel Food Services Financial Performance
| FY 2022 | FY 2023 | FY 2024 | Q1 FY 2025 | |
| Revenue | 389.61 | 1,067.15 | 1,396.32 | 409.86 |
| Expenses | 429.78 | 824.21 | 1,146.72 | 354.55 |
| Net income | 5.03 | 251.30 | 298.02 | 59.55 |
| Margin (%) | 1.29 | 23.55 | 21.34 | 14.53 |
Travel Food Services Offer News
Travel Food Services Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 (Pre Issue) | FY 2025 (Post-Issue)* | |
| EPS | 0.38 | 18.52 | 21.85 | 4.21 |
| PE Ratio | – | – | – | – |
| FY 2022 | FY 2023 | FY 2024 | |
| RONW (%) | 1.25 | 37.45 | 36.14 |
| NAV | 30.87 | 49.45 | 60.45 |
| ROCE (%) | 13.52 | 53.87 | 49.97 |
| EBITDA (%) | 36.00 | 42.92 | 39.38 |
Travel Food Services IPO GMP Today (Daily Trend)
Travel Food Services IPO Subscription – Live Updates
Coming soon
NA Shares allotted to anchor investors are not included in these calculations. Similarly, NA shares allotted to market makers, if any, are not part of these calculations.
Travel Food Services – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Travel Food Services | – | 21.85 | 36.14 | 60.45 | 1,396.32 |
| Jubilant FoodWorks | 114.69 | 6.06 | 18.40 | 32.90 | 5,654.09 |
| Devyani International | 432.56 | 0.39 | 4.48 | 8.76 | 3,556.30 |
| Sapphire Foods India | 213.46 | 8.30 | 3.94 | 210.41 | 2,594.28 |
Travel Food Services IPO Allotment Status
Travel Food Services IPO allotment status will be available on MUFG Intime’s website. Click on the MUFG Intime IPO weblink to get allotment status.
Travel Food Services IPO Dates & Listing Performance
| IPO Opening Date | 3 July 2025 |
| IPO Closing Date | 7 July 2025 |
| Finalization of Basis of Allotment | 8 July 2025 |
| Initiation of refunds | 9 July 2025 |
| Transfer of shares to demat accounts | 9 July 2025 |
| Travel Food Services IPO Listing Date | 10 July 2025 |
| Opening Price on NSE | Coming soon |
| Closing Price on NSE | Coming soon |
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Travel Food Services Offer Lead Manager
ICICI SECURITIES LIMITED
ICICI Venture House
Appasaheb Marathe Marg,
Prabhadevi, Mumbai – 400 025, Maharashtra
Phone: +91 22 6807 7100
Email: [email protected]
Website: www.icicisecurities.com
Travel Food Services Offer Registrar
MUFG INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: [email protected]
Website: www.linkintime.co.in
TRAVEL FOOD SERVICES LIMITED
Block-A South Wing 1st Floor, Shiv Sagar Estate,
Dr. Annie Besant Road, Worli, Mumbai 400 018, Maharashtra
Phone: +91 22 4322 4322
Email: [email protected]
Website: www.travelfoodservices.com
Travel Food Services IPO FAQs
How many shares in Travel Food Services IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply for Travel Food Services Public Offer?
The best way to apply for Travel Food Services public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Travel Food Services IPO GMP today?
Travel Food Services IPO GMP today is INR NA per share.
What is Travel Food Services’ kostak rate today?
Travel Food Services kostak rate today is INR NA per application.
What is Travel Food Services Subject to Sauda rate today?
Travel Food Services Subject to Sauda rate today is INR NA per application.
